Egypt Post achieves 150M EGP surplus in 2014: Min. of Com
Minister of Communication Atef Helmy - YOUM7 (Archive)

CAIRO: The previously beleaguered Egyptian postal system had a surplus of 150 million EGP ($20.9 million) in fiscal year 2013-2014, compared with a deficit of 857 million EGP in 2012 according to Communications Minister Atef Helmy at a Monday conference, Youm7 reported.  

On the sideline of the conference, Helmy said that the authority shortened its operational costs in 2013 to just 436 million EGP, pointing out that salaries, wages and allowances of workers at Egypt Post have increased in total to 300 million EGP this year.

MENA quoted Helmy as saying this is Egypt Post’s biggest surplus in a decade.

Earlier this year, Egypt Post workers protested in Cairo for 13 consecutive days demanding the implementation of a new minimum wage law after they were excluded in a newly passed public minimum wage law on the basis that the law cannot be applied to postal workers because they are an “economic authority.”

The workers demanded the government pay a 7 percent bonus according to the labor law. They also rejected the return of advisers who were removed following a previous strike.

Additional Reporting by Heba al Sayed.

Recommend to friends

Leave a comment